Shares of Bharat Forge surged in early trade on April 15, 2025, amid reports that former U.S. President Donald Trump is considering changes to the proposed 25 percent import tariffs on automobiles from Mexico and Canada. The potential tariff relief is seen as a positive development for Indian auto component exporters with exposure to North American supply chains.
As of 9:30 AM IST, Bharat Forge was trading at Rs 1,066.50, up 6.42 percent or Rs 64.35 from the previous close of Rs 1,002.15. The stock opened at Rs 1,041.00 and moved within a range of Rs 1,040.10 to Rs 1,072.10. Its average trading price stood at Rs 1,060.76, with a volume of over 5.21 lakh shares and open interest at over 2.32 crore shares.
Bharat Forge’s 52-week range spans from Rs 919.10 to Rs 1,804.50, and the upper circuit limit is currently set at Rs 1,102.40.
Meanwhile, other key auto component exporters Motherson Sumi Wiring (SAMIL) and Sona BLW Precision Forgings also extended their gains from early morning trade, rising 7.79 percent and 6.09 percent respectively, as of the last check.
Disclaimer: The above article is based on publicly available data and early market trends as of 9:30 AM IST on April 15, 2025. Please consult a financial advisor before making any investment decisions.